No longer on the market
This property is no longer on the market
Floorplan
Map2 bedroom flat
Auction
Sold STC
Flat
2 beds
731
EPC rating: D
Key information
Tenure: Leasehold
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
Sold for £30,000.Guide Price = £25,000+
*For Sale By Online PublicAuction 23rd April 2025 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Vacant Ground and First Floor Two Bedroom Split Level Flat
Tenure
Leasehold. The property is held on a 67 year lease from 25th March 1958 - (Already Expired), Please see notice below. A section 42 notice has been served on the freeholder, please refer to the legal pack for further information.
As per the documentation included in the legal pack an application for determination of the premium and the terms of acquisition has been submitted to the First-tier Tribunal which has directed that the lease extension process will be held in abeyance for 3 months until 10th April 2025 whereupon directions in the matter will be issued to the parties in terms of progressing the claim through the tribunal.
As per paragraph 5 of Schedule 12 to the Leasehold Reform Housing and Urban Development Act 1993, so long as there is a live lease extension claim in respect of the flat, the lease does not terminate on the expiry date and remains for the duration of the claim or for three months after the claim has ended. Buyers are advised that the premium stated within the section 45 notice is £1,070,800.
Description
The property comprises a well located ground and first floor two bedroom split level flat situated within a purpose built block.
Accommodation
Ground Floor
Reception Room
Kitchen
WC
First Floor
Two Bedrooms
Bathroom
Accommodation
Exterior
The property benefits from communal patio gardens.Note
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
Planning
EPC Rating
D
There are no internal viewings
*For Sale By Online PublicAuction 23rd April 2025 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Vacant Ground and First Floor Two Bedroom Split Level Flat
Tenure
Leasehold. The property is held on a 67 year lease from 25th March 1958 - (Already Expired), Please see notice below. A section 42 notice has been served on the freeholder, please refer to the legal pack for further information.
As per the documentation included in the legal pack an application for determination of the premium and the terms of acquisition has been submitted to the First-tier Tribunal which has directed that the lease extension process will be held in abeyance for 3 months until 10th April 2025 whereupon directions in the matter will be issued to the parties in terms of progressing the claim through the tribunal.
As per paragraph 5 of Schedule 12 to the Leasehold Reform Housing and Urban Development Act 1993, so long as there is a live lease extension claim in respect of the flat, the lease does not terminate on the expiry date and remains for the duration of the claim or for three months after the claim has ended. Buyers are advised that the premium stated within the section 45 notice is £1,070,800.
Description
The property comprises a well located ground and first floor two bedroom split level flat situated within a purpose built block.
Accommodation
Ground Floor
Reception Room
Kitchen
WC
First Floor
Two Bedrooms
Bathroom
Accommodation
Exterior
The property benefits from communal patio gardens.Note
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
Planning
EPC Rating
D
There are no internal viewings
About this agent
Auction House London is the largest branch of the Auction House UK brand. Auction House holds more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew Binstock and Jamie Royston in 2011, Auction House London has grown year on year in its relatively short history to become one of the top 5 residential property auctioneers in the UK. We adopt a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers. We firmly believe in the importance of extensive online marketing campaigns in addition to the traditional offline methods. Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients. With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.